<div id="readability-page-1"><div><div><p><strong>BYD Co. Ltd.</strong> <span>BYDDY</span> <span>BYDDF</span> has surpassed <strong>Tesla Inc.</strong> <span>TSLA</span> on the Fortune Global 500 list.</p><p><strong>What Happened: </strong>BYD jumped 52 spots in the list and currently stands at #92 in the list, Fortune said in a report published on Tuesday. In contrast, Tesla currently holds the #102 spot.</p><p>The Global 500 list, published two months after the Fortune 500 list, includes companies that generated &#34;$41.7 trillion in revenue last year, with $2.98 trillion in profit,&#34; the report said.</p><p>Elsewhere, the artificial intelligence component giant <strong>Nvidia Corp</strong> <span>NVDA</span> jumped 106 spots in the list and currently holds the #66 spot.</p><p><strong>Why It Matters: </strong>The news comes as Tesla has been experiencing dwindling sales in multiple markets across the globe, with the company's European sales down by over 23%.</p><p>This decline also coincides with Tesla's poor performance in the U.S., as the company experienced a 12.6% decline in domestic sales and a sharp 21% drop in the state of California.</p><div><div><div><p>Trending Investment Opportunities</p></div></div></div><p>On the other hand, BYD has been experiencing growth in its global strategy, with the company announcing the arrival of its luxury-focused <strong>Yangwang</strong> brand into the European market next year.</p><p>However, BYD has also been accused of allegedly inflating sales figures in the Chinese domestic market by pre-insuring vehicles before they are sold to customers in a bid to meet sales targets. BYD's domestic sales are also down 8% amid the fiercely competitive EV price war.</p><p><em>Check out more of Benzinga’s Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>Self-Driving Cars Could Be $200 Billion Market By 2030, Says Morgan Stanley</li> </ul><p><em>Photo courtesy: Tada Images / Shutterstock</em></p></div></div></div>

BYDDY

BYDDF

01211

002594

<p>BYD Co. Ltd. has surpassed Tesla Inc. on the Fortune Global 500 list, ranking #92 compared to Tesla's #102. This shift comes amid Tesla's declining sales, with a 23% drop in Europe and a 12.6% decline in the U.S. Meanwhile, BYD is expanding its global strategy, including the launch of its luxury Yangwang brand in Europe, despite facing accusations of inflating sales figures in China and an 8% drop in domestic sales due to a competitive EV market.</p>

- BYD Co. Ltd. has surpassed Tesla Inc. on the Fortune Global 500 list, ranking #92 compared to Tesla's #102.  
- The report highlights that BYD's growth contrasts with Tesla's declining sales, particularly a 23% drop in Europe and a 12.6% decline in the U.S.  
- Despite BYD's expansion plans, it faces allegations of inflating sales figures in China and a reported 8% decrease in domestic sales amid a competitive EV market.  

BYD Surpasses Tesla In Fortune Global 500 List Amid Sales Slump For Elon Musk's EV Giant